Stifel Financial Corp Lowers Position in The St. Joe Company (NYSE:JOE)

Stifel Financial Corp lowered its stake in The St. Joe Company (NYSE:JOE) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,732 shares of the financial services provider’s stock after selling 507 shares during the quarter. Stifel Financial Corp’s holdings in St. Joe were worth $1,675,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new position in shares of St. Joe during the 3rd quarter worth approximately $35,000. Quest Partners LLC boosted its position in shares of St. Joe by 72,300.0% during the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. grew its stake in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of St. Joe by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in St. Joe by 86.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $50.89, for a total transaction of $763,350.00. Following the completion of the transaction, the insider now owns 17,770,024 shares in the company, valued at $904,316,521.36. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of St. Joe stock in a transaction dated Friday, October 25th. The stock was purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now directly owns 60,093 shares in the company, valued at approximately $3,187,933.65. This represents a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 449,400 shares of company stock valued at $23,953,600 in the last 90 days. Company insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

NYSE JOE opened at $44.55 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $2.60 billion, a P/E ratio of 37.75 and a beta of 1.25. The stock has a 50-day moving average of $51.70 and a two-hundred day moving average of $55.54. The St. Joe Company has a 1-year low of $43.50 and a 1-year high of $64.69.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. St. Joe’s dividend payout ratio (DPR) is presently 47.46%.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.